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We’ve all felt the impact of COVID-19 on our personal lives, both financially and emotionally. But for small business owners, the pandemic packs an extra punch. According to a survey performed by the National Federation of Independent Business , about half of small business owners said they’d be unable to continue operations for more than two months without help. Impacted entrepreneurs are experiencing slower sales, supply chain disruptions and, of course, concerns about employees contracting the illness — and that’s all on top of figuring out how to keep their doors open. Fortunately, there are steps small business owners can take to help their companies come out of this quarantine on the right side of the proverbial dirt. Just as you use masks and hand sanitizer to help you survive the pandemic personally, here are some tools to help your business make it out alive, too. 1. Apply for emergency funding The coronavirus has led to unprecedented economic pressures — which is part of...
Before you win as an entrepreneur, you have to win the emotional and mental battle in your mind. Your ability to remain positive amid rejection, maintain your composure during a disagreement or adapt your value proposition during a sales pitch — depends on your level of emotional intelligence (EQ). Travis Bradberry, the co-author of Emotional Intelligence 2.0, defines EQ as your ability to recognize and understand emotions in yourself and others, and your ability to use this awareness to manage your behavior and relationships. Are You Prepared to Unlearn? Although EQ may sound like a “touchy-feely nice to have” skill, your level of EQ can make or break the success of your business. It’s just not enough to create a great product, show up for work, and work hard. Managing your emotions, building positive relationships and communicating clearly and confidently determines how far you go in life. So ultimately, you may need to unlearn some habits or childhood beliefs you’ve developed...
Networking marketing (also known as multi-level marketing or MLM) provides the opportunity for you to make real money — whether selling products you purchase or recruiting others to sell those products for which you receive residual income. By hitting specific sales and recruitment targets, you become eligible for additional incentives, including cash and other rewards. But not all network marketing opportunities are worth it. Some require hefty upfront expenses for products that aren’t in demand. Others have less generous-than-advertised rewards or lock you into lengthy contracts that can be near-impossible to break. You can’t just rely on their sales reps; you have to do your due diligence on each network marketing opportunity before you sign on the dotted line. Start your search by checking out these three network marketing opportunities. Each benefit from a well-known brand and quality products which you can move with well-crafted sales pitches, a little flair, and a bit of...